|This must be the worst spread in the whole of Western Europe.|
|Excellent! Up 33% today. Pity about the 66% spread.|
|They've had three finance directors since 2006. Something was wrong.
I suspect that Nasdaq-quoted Willi-foods will create a over hang by placing shares to sell in order to mop up the remaining Gold Frost shares at next to nothing. The uncertainty (and smell) will keep would be investors away and anyway Russian-born Gaydamak owns 45% of Willi and the brothers own something like 20% each.
Then it's off to the races; a new US import license, X million in cash and a growing business...Might be a good time to buy Willi (ticker: WLFD.TA on Tel Aviv or WILC on Nasdaq) languishing near its all time low...|
|Still seems funny they stopped at 89.99%
Definetly very cheap. Cash = 15p, net liquid assets = 16p and earnings of 1.5p despite "perfect storm" conditions for half the year.
Tried to buy some online but quoting a derisory 5K at 8p. Not worth it just now. Cant help thinking Will-Food may buy your shares after delisting at well above 8p. Their last purchase (in january) was 1M at 20p.|
|'Compulsory purchase procedures' can come into play, but they do not have to make an offer for the remainng 10% if they do not want them, so no real effect as far as I'm aware.|
|RNS on 31st January 2008
As a result, G. Willi-Food International Ltd. now owns 47,565,285 ordinary shares representing 89.99% of the total voting rights of the Company. Purchase price 20p.
Is there something significant about the number 89.99? Are they not allowed to go above that? Just wondering whether they can still buy shares just now even though its delisting.|
|lol @ that................|
|Is that 16p in total or per share?|
|Todays drop looks kind of stupid, delisting or not. Company has 16p of cash.|
|Thank you SVS - another great success story!|
|Yes, I'm not a shareholder and never have been, but I've followed the share with interest. This amounts to corporate robbery, in my view, undertaken with the conivance of the Russian shareholders. A ploy to take 100% control on the cheap. Imagine, 25% constitutes a quorom - it's laughable (unless you're a small shareholder). How can it possibly be in the interest of any shareholder except the few controlling interests (i.e. the '2' referred to a making a quorom)?|
|seen it all now, lol|
|Another disaster from the old Corporate Synergy stable - (imo etc)|
|Anyone fancing popping to the AGM to complain about this........IN ISRAEL lol
what a beauty|
|Undecided whether or not to pick a few GLF up at 33p. Gaydamak has paid a 70% premium for a controlling stake in the parent company. I wouldn't be surprised if he wanted to tidy up matters and take GLF private as well. Gaydamak is a billionaire and not short of a few quid for those that are not aware.|
|Merkage - 6 Jun'07 - 07:35 - 1215 of 1215
Rumour of the day: Gold Frost (could be a takeover target, with Nestle mooted
as a potential bidder) - Small caps: Ceramic Fuel Cells (could have attracted a
bidder) - Tempus: United Utilities (stick with it for now), Umeco (buy),
Protherics (worth a look)|
|Thanks for starting a thread illuminatus. Not yet holding but I have been monitoring a while with a view to taking a stake.
I agree this appears a solid prospect. I like the idea of "kosherising" brands such as Lurpak and think this could develop into a substantial business.
Only downsides are that it is a "boring" stock and the parent company owns such a large stake (70% I believe). Also, I don't fully understand what the purposes of the fund-raising were: the parent company could easily have had a 100% owned subsidiary funded from their own cash resources - and so I am a little cautious to follow.|
|I was attracted to this company as it seems a good niche' prospect. Living in a very strong orthodox Jewish area the prspects of a kosher food company are obvious to me.
Bought in yesterday to tuck away for a while and was surprised to notice no thread. Wonder if we have any more holders out there and what thoughts are?|
|Revenues for 2006 increased by 30.4 per cent to $10.7m compared with last year
and net profit increased by 62.6 per cent to $2.4m compared with last year.Gross margins improved to 48.3 per cent compared with the previous year due to
tight control on costs as well as increased sales of higher margin branded
Operating profit before tax increased by 58.1 per cent. to $3.5m from US$2.2
million reported last year. Operating expenses for the year increased by 31.2
per cent. to US$2.4 million from US$1.8 million in 2005. This increase was
mainly attributable to advertising campaigns and other costs associated with
several new product launches over the course of the year.
2006 saw an increase in demand for all segments of Gold Frost's products.Growth was driven by several factors. First, the sales team was increased,
enabling the Company to gain more access to existing customers and to new
customers. Secondly, the Company's products continued to gain market acceptance
due to a combination of superior taste and the fulfilment of kosher quality
assurance standards. Approximately 70 per cent. of sales were generated from
its main product lines of Lurpak spreadable butter, butter, Fetina (kosherised
feta cheese), Swedish Lo-Chol and Odam (an Edam style cheese).
Gold Frost ended the year with $12.4 million in cash and no debt. In March
2006, the Company raised $7.9 million from an IPO.|
|A further recent Globalnet news item which has passed unmentioned is the purchase by Michael Whitaker of 50,000 GLBN shares on the 29th September at a cost of about US$325,000 ( each US listed GLBN share is equal to 10 UK listed GLFA shares).
As CEO of New Media Spark Mr Whitaker should be in a reasonable position to find better than average homes for his personal investments and I have viewed this share purchase as a very positive buy signal.
Date: 02 Oct 2000 16:38:35
Service: Regulatory News Service
Globalnet Financial.com Inc.
2 October 2000
DEALINGS BY DIRECTORS
2 October 2000: On Friday 29 September Mr. Michael Whitaker, a Director of
GlobalNetFinancial.com, purchased 50,000 US registered shares of
GlobalNetFinancial.com (NASDAQ: GLBN / LSE: GLFA) ("GlobalNetFinancial")
Michael Whitaker is Chief Executive Officer of NewMedia Spark plc, Europe's
leading quoted technology investment fund, and Chairman of EO plc, the online
investment platform allowing private investors online investment opportunities
in IPOs and private placements.
There was an additional Globalnet story released to the USA market yesterday
about a new trading partnership:
CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 4, 2000-- Global Capital Partners' (Nasdaq:GCAP - news; Frankfurt/Berlin:ETB) online trading division, Sutton Online Inc. (suttononline.com), announced today that is has signed an agreement with GlobalNetFinancial.com Inc., (Nasdaq:GLBN - news; LSE:GLFA) (``GlobalNetFinancial'') to launch their second generation online trading platform for U.S. securities starting in October, 2000.
GlobalNetFinancial's trading platform, including the Sutton Online System, will be a joint venture between Global Capital Partner's brokerage division, which will service the accounts, and Dalton Kent Securities, GlobalNetFinancial's recently acquired broker dealer subsidiary. With this relationship, GlobalNetFinancial will experience a substantial reduction in the fixed overhead costs of its U.S. online brokerage operations, while having the upside of generating annuity revenue by offering online brokerage for U.S. stocks through its Internet traffic sites. Current GlobalNeTrader customers will be offered the opportunity to upgrade to the new system.
The platform will be marketed through GlobalNetFinancial's network of 13 financial content sites, including UK-iNvest.com which was recently picked as a Best of the Web for International Investment Web sites by Forbes.com in its September, 2000 issue.
As a result of traffic alliances with Internet Service Providers such as Freeserve, Scandinavia Online and World Online, as well as wireless and interactive TV providers such as BT's Cellnet (NYSE: BTY - news) and Telewest, GlobalNet has access to over 27 million customers. These customers access the GlobalNetFinancial network for their financial information and as a result of their affinity towards the GlobalNetFinancial content, have shown strong interest in GlobalNet's E-commerce platforms. For the quarter ended June 30, 2000, the company's network of financial content sites received 44.1 million page views.
The system will offer a broad spectrum of trading applications, including:
Web based trading for stocks, options and mutual funds including portfolio tools, watchlists, account information and transaction history; and
Robust direct access trading platforms offered either with or without Level II, which provides instant order executions, dynamically changing multiple charts, direct access order routing, realtime quotes, stop loss orders and realtime account management.
GlobalNetFinancial's second-generation platform will also include a redesigned Web site with additional tools including a unique alerts system to empower and notify users based on each individual trader's needs. Traders will have the ability to receive alerts on stock prices, volume movement, portfolio performance, press releases, earnings reports, news and indices via the Internet and shortly via wireless. The Web site, through Sutton Online and its technical staff, will offer live support and various training tools to help users get the most out of online trading.
Michael Jacobs, chief strategy officer of GlobalNetFinancial stated, ``After a comprehensive search we are pleased to have chosen Sutton Online, a leader in providing worldwide online trading solutions as our partner. We believe this is the beginning of a global and extensive relationship with Sutton Online.''
Jacobs added, ``The move to Sutton Online presents the opportunity to both offer our users state-of-the-art technology while accelerating our path to profitability by minimizing overhead and operating costs. Sutton Online as our online trading solution will incur all the fixed costs and be compensated on a per transaction basis.''
Gregory C. Frank, president of Sutton Online Inc., stated, ``We are extremely pleased that GlobalNetFinancial has chosen Sutton Online Inc. as its online trading solution. This relationship offers Sutton Online the opportunity to place its proprietary software on the desktops of millions of users throughout the world. We are confident that with GlobalNetFinancial's content and market penetration, and Sutton Online's technology and customer service, we are well positioned to be the standard in worldwide Direct Access Trading.''
Frank added, ``Sutton Online is developing software that will allow customers worldwide to execute orders online on several European exchanges including the New York, German, London, Prague, Amsterdam and American Stock Exchanges, Nasdaq, and other European exchanges as needed. Our relationship with GlobalNetFinancial and increased European exposure is anticipated to give us a competitive advantage in marketing this software.''
There is also the following:
Globanet Financial.com Conference Call to be Broadcast by Investor Broadcast Network Over the Internet
PHILADELPHIA--(BUSINESS WIRE)--Oct. 4, 2000--Globalnet Financial.com, Inc. (Nasdaq: GLBN - news) will broadcast its corporate update conference call on Thursday, October 5, 2000 at 10:00 AM Eastern, Investor Broadcast Network announced.
This call can be accessed at http://www.vcall.com/NASApp/VCall/EventPage?ID=44161.
This event is available through Investor Broadcast Network's Vcall website, located at http://www.vcall.com. Listeners should go to the website at least fifteen minutes before these events to download and install any necessary audio software. For those unable to attend the live broadcast, a replay will be available beginning approximately one hour after the event.
optimist at large
Why didn't I think of that? Doh!
PS. Check your E-Mail|
|DocProc - Yes I think we've got that - I'll phone AFN and ask them to fix it, cheers,S.|
|Aquila and mg
Thanks for your help.
This morning there was absolutely no mention of
1. Globalnet Finacial or
2. The EPIC "GLFA"
on ADVFN's EPIC Search facility at
I think you would agree with me therefore that the ADVFN Team need to go ahead and put it in.
This whole thing started when I read an article on Citywire that used the EPIC "GLF". That was not the correct EPIC. If the Citywire article had have used the correct EPIC of "GLFA"
Coincidentally, ADVFN does not have any EPIC whatsoever for Globalnet Financial in its EPIC Search facility. Indeed, no "GlobalNet" shares or companies are mentioned on the ADVFN EPIC Search page.
Is that now clear to you? :-)
I originally posted up a lot of garbage as an opener to the thread because I did not know about the Citywire EPIC error until Aquila began to point me in the right direction. I think you would agree that everything is 95% "EPIC based" and I did not think to search for a "Globalnet Financial" article or posting when I had already got the EPIC "GLF" from the CityWire article. I searched using "GLF".
How strange and ironic that GLFA own shares in ADVFN and have to write an RNS Announcement to boost a flagging share price whilst at the same time such a very basic piece of info' for an investor, namely their own EPIC and Company Name, is entirely missing from the ADVFN EPIC Search site.
It must be there because I've had it on my stockwatch since they floated - back in the good old days when they were on a roll up to 300p - $57 on Nasdaq.
If you enter GLFA on your stockwatch it will magically appear - and YES I personally see them rising from here - but I would do - I've watched them go all the way up and all the way down.
When you get the EPIC sorted just click through some of the news - it all looks good to me - apart from the aborted merger with Telescan - but now they're free of that there's only one way to go - and that's up - judge for yourself and decide if, by positioning itself as a lead player in Europe - for financial and investment info/on-line broking - it should be worth a tad more even than the cash and equity it has in its hand.
Part of the problem in the UK has been that it has been a difficult one to trade. That was being sorted out - but I don't know what the current situation is - they were moving to CREST - but I haven't seen an announcement to confirm that they are now on CREST.
GLFA - denotes that they are 'A' shares of the parent company quoted on Nasdaq - with about 12 months to run before they are converted on a 1 for 10 basis. It also doesn't help when there is ticker/epic GLF - which I've never been able to fathom out in terms of its relationship with GlobalnetFinancial.com
Hope this helps|
Aha! Thankyou very much. :-)
An article from Citywire uses the EPIC "GLF" when referring to Globalnet Financial.
On ADVFN's charts I used the EPIC "GLF" too and got a chart up which has prices in the vicinity of £16 to £30 level and nowhere near 45p
Next I decided to check the EPICs beginning with "G" and I would like you to do that yourself here on ADVFN at
As you will no doubt see "Globalnet Financial" is missing!
I conclude that you did not obtain the EPIC "GLFA" from this site as it is quite definitely missing.
Which is now appears is "What I am on about". The consequences of its absence have caused me to write a lot of garbage above which I have now edited out.